Monroe, IN
Population 629 · Indiana
About Monroe, IN
Monroe is a small community in Indiana with a population of 629 residents. The median household income is $70,000 per year, which is near the national average. The median age in Monroe is 30 years.
Housing in Monroe has a median home value of $145,300 and median monthly rent of $670. Of the 222 total housing units, the majority are owner-occupied, with 174 owner-occupied and 46 renter-occupied units.
The unemployment rate in Monroe is 0.3% and the poverty rate is 11.3%. 20.9% of residents hold a bachelor's degree or higher. The average commute time is 19.4 minutes.
How Monroe Ranks in Indiana
Cost of Living in Monroe, IN
Compared to national averages, Monroe has a median household income of $70,000 (7% below the national median of $75,149). Home values average $145,300, which is 41% below the national median. Monthly rent at $670 is 42% below the US average of $1,163. Within Indiana, Monroe's income is 1% above the state average of $69,330, and home values are 11% below the state median of $163,409.
Why Live in Monroe, IN?
Monroe offers affordable housing with a median home value of $145,300, below the US average of $244,900, and rent that’s lower than the national average at $670/month, and a strong job market with an unemployment rate of just 0.3%. Additionally, the city features a low poverty rate of 11.3%, better than the national average, and short commute times averaging just 19.4 minutes.
Potential considerations include median household income ($70,000) that falls below the national average. However, Monroe’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Monroe has a population of 629 with a median age of 30 years. Compare Monroe with other cities to see how it stacks up, or explore all cities in Indiana.
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Cities in Indiana with a similar population size.
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Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Monroe
What is the population of Monroe, IN?
The population of Monroe, IN is 629 according to the latest Census data.
What is the median household income in Monroe?
The median household income in Monroe, IN is $70,000 per year.
What is the median home value in Monroe?
The median home value in Monroe, IN is $145,300.
What is the average rent in Monroe?
The median monthly rent in Monroe, IN is $670.
What is the unemployment rate in Monroe?
The unemployment rate in Monroe, IN is 0.3%.